LONDON: J.P. Morgan Asset Management expands insurance solutions. New appointments in Europe and Asia
Jun 12, 2013
J.P. Morgan Asset Management has appointed Prashant Sharma as Head of International Fixed Income for Insurance. In this newly created role, Sharma will concentrate on fixed income investment solutions for J.P. Morgan Asset Management's growing insurance solutions business.
Based in London and serving institutional clients globally, Sharma will report to Nick Gartside, International CIO of Fixed Income. Previously at Goldman Sachs Asset Management, Sharma has 14 years experience of working in the financial industry, including 10 years as a fixed income portfolio manager.
"Fixed income investing is extremely important to insurance clients, particularly in the current low interest rate environment," Gartside said. "However, their investment needs as a client group are unique, and as our insurance solutions business grows, Prashant's dedicated expertise will be integral to this."
Insurance solutions are becoming an increasingly important part of J.P. Morgan Asset Management's Global Institutional business, and the business continues to invest in talent across all regions. Tsutomu Nasu recently joined as a Client Advisor focusing in Tokyo and Alan Yip recently joined as an Insurance Strategist in Hong Kong.
"We have been actively building our insurance business to serve insurance clients across all regions," Matt Malloy, Head of Global Insurance Solutions at J.P. Morgan Asset Management. "We now have 35 dedicated resources across the US, Europe and Asia to deliver comprehensive investment solutions to our insurance clients."
J.P. Morgan Asset Management's Global Insurance has approximately $50bn in assets under management (as at 31 December 2012).
- Ends -
Notes to Editors
About J.P. Morgan Asset Management
J.P. Morgan Asset Management is part of JPMorgan Chase & Co. and is a global asset management leader providing world-class investment solutions to clients. With US$1.5 trillion in assets under management (the Asset Management client funds of JPMorgan Chase & Co. as at 31 March 2013) and offices in 41 locations around the world, J.P. Morgan Asset Management offers global coverage with a strong local market presence, and leadership positions in most asset classes.
J.P. Morgan Asset Management is a trading name of J.P. Morgan Asset Management Marketing Limited, which has issued this material in the United Kingdom and which is authorised and regulated by the Financial Services Authority. Registered in England No. 288553. Registered office: 25 Bank Street, Canary Wharf, London E14 5JP.
Any past performance referred to in this material is not a guide to future performance and the value of investments, and any income from them, can fall as well as rise. Any tax concessions referred to are not guaranteed and their value will depend on the individual circumstances of investors. Stock market linked investments carry a number of inherent risks. These risks will increase where fluctuations in exchange rates impact on the value of any underlying investments or where the investment is exposed to smaller companies or emerging markets. Investments in fixed income securities that are not rated as investment grade represent a greater risk to an investor's capital.